Category: Money Tips Date: 2007-06-23
Source: Yuan Anhui, Emerging
The short-term oscillations under the shadow of long upside-Yang Cross stars form, it did not effectively promote the short-term stock upside the broader market up again after a record high 3623.86 points, showing adjustment of posture, all day Wednesday to repeated oscillation index characterized, and the plate repeatedly diving, also shows that the current market mindset begins to change and stocks in the course of repeated oscillation upside brewing mid-course adjustments.
From the operation of short-term market point of view, tape the top of the short-term upside to 3500 points, after the long-short market, differences between the two sides significantly increased, the formation of oscillation index repeated movements, also accelerated the formation of broad market access has been modified, but again rely on the index 5, moving average support, broader market to build a continuation of the rising channel constantly, so that repeated short-term market's upside trend has not changed. Speculation in stocks and plate, showing a strong stock market, speculation turns the characteristics of the market cap, lower still speculation the mainstream variety, compared with a target unit to adjust to change the tape to run only the shape features, did not affect the market sentiment and the wishes of long upside . Technically, the pattern of short-term stock index is still up repeatedly extended, but the short-run KDJ index value and the RSI values have deviated from the trend occurred, which means the process of index repeated upside is beginning to show signs of some adjustments in recent days repeatedly oscillation index trend characteristic also means that short-term market funds began to withdraw from the Fund's lighten up in the first quarter report also shows that market risk has started to increase. Therefore, we believe that there are repeated short-term upside Shanghai and Shenzhen broader market opportunities, but the market risk has started to increase again in the near term upside in the broader market will head to build a medium-term, short-term market opportunities embodied in the hot speculation in stocks.
Operation, investors should note that the current short-term stock picking to do, Kuraju can consider lighten up, short-term speculation in stock selection ideas: First, to short-term consolidation of the full deliberation to accelerate breakthroughs in individual stocks; Second, its growth is good, there is a better stock up the subject of support, characterized by significantly undervalued; third volume of the current price with the better short-term opportunities for more. At this point, we Shougang shares (000959) Such a steel blue-chip low-cost short-term investment opportunities for analysis.
Shougang shares (000959) for a low class blue chips, with the relocation of subject matter, the overall listing of subject matter, holding companies such as Beijing Auto is currently in circulation share capital of 10.9063 million shares, a quarterly earnings per share were 0.054 yuan, net profit up 41.85%. Fundamental point of view, the Unit also has the following highlights worthy of our attention:
1, the overall market, the objective has been clear. Company is a metallurgical enterprises, the main business scope mainly include iron and steel smelting, steel rolling processing; technology development, technical advice, technology transfer, technical services, technical training; investment and investment management. In recent years, the country's major steel companies Baosteel, Wuhan Iron and Steel and Angang shares of stock in various forms are completed the group's overall listing. Baosteel has not only consolidated by the overall market leading position of domestic iron and steel, and has an annual brewing capacity of 40 million tons, the world's top three steel imperial dreams. Therefore, the Shougang shares to get rid of the fourth of current domestic status, the only road to leap Group will also be listed as a whole. In the Shougang Group's management made it clear that future goals will be listed as a whole, the Shougang shares as Shougang Group's core businesses, will be the development of grand strategy Shougang play an important role. Other core domestic steel companies have successfully completed the overall market, while Shougang Group Shougang shares will be listed as a whole as a development platform, as Shougang has relied on the broad framework of large-scale development. Meanwhile, with the overall market objectives clear, Shougang has also been listed as a whole is ready to fly.
2, vehicle equity, generate economic benefits. Stake in the company recently added a 5 subsidiary of 520 million yuan in cash, replacement acquire the parent company of Beijing Shougang Corporation holds 23.62% Automotive Investment Holdings Limited of the shares, making it the second largest shareholder of Beiqi investment, and thus indirectly Beijing Hyundai Automobile Co., Ltd. shares. Beiqi investment as northern China's most powerful automotive investors, a joint venture with the Beijing Hyundai Hyundai Motor Company (with each share 50%), when production capacity from 5 million units to the current 30 million units, capacity growth up to 6 times; and Beiqi investment last three years, the net assets yield rate stayed around 20% in 2006 from January to September net profit of 455 million yuan, profitability is extremely strong! Is particularly important that the company is stepping up its construction with the Beijing Automotive Investment projects and fine cold-rolled sheet steel has a very strong relative to complement the strategic nature of the acquisition will not only help promote the company produced high-grade automotive panels, appliance panels and construction market development board to realize "Eleventh Five-Year" period fine steel strategy to consolidate the company's share of cold-rolled products in North China and some geographic advantages, has fostered a close the upstream and downstream industrial chain. Contrast to the market performance, through targeted the hippocampus after the issuance of shares of stock from 4 yuan to 16.86 yuan more than the maximum impulse, Shougang shares in the same car theme will stimulate the formation of a strong upside price momentum. Of particular importance is the Shougang Group is stepping up its investment in shares and Beiqi construction projects and fine cold-rolled sheet steel strategy has a very strong relative complementarity. By the Beijing Automotive Investment and South Korea's Hyundai, established a joint venture Beijing Hyundai Motor, has production capacity of 5 million units, when developed to the current 30 million units. Therefore, the company's acquisition will not only help promote the company produced high-grade automotive panels, appliance panels and building panels market development, to achieve "Eleventh Five-Year" period steel fine strategy, but also consolidate the company's cold-rolled products in the North China share some of the geographical advantages, has fostered a close the upstream and downstream industrial chain.
3, Olympic Steel leading the overall relocation, performance continued to grow steadily. The relocation company as a whole is under way, Shougang will be 8 million tons of iron and steel enterprises to move without precedent at home and abroad involving national, local, business and interests of employees in the complex systems engineering, has been much national attention. The company will move production bases to the south of Tangshan City, the Bohai Bay Caofeidian Island, not only coastal advantages, we can significantly reduce transport costs of raw materials and products, and new steel construction land from tidal flats of Reclamation, not occupation of cultivated land resources so that the a more rational layout of the entire industry. It is reported that although China's iron and steel big country, but lack of high-end products, removal will bring about the adjustment of product structure: the new steel plant in Beijing Tang is currently the largest concentration of the world's few large-scale coke oven, sintering machine, blast furnace, converter and other equipment, the main products are hot-rolled steel strip, cold rolled steel strip, hot galvanized plate, color-coated, electrical steel, high technology, quality grade reached the international advanced level, can be used for automobile, shipbuilding, pipeline and electrical appliances in areas such as these are urgently needed for the domestic market high-end boutique plate. It is noteworthy that, the company site where the Shijingshan District, strategic location, land value, after shutdown has extensive room for imagination. Shougang shares in the region now has 1.62 million square meters of land is likely to become the leading developers of competing objects, a huge appreciation of space. In addition, Caofeidian Shougang to move the project, although the carrier, but by the Shougang Steel to establish joint co-Tang co-building, which also for the future M & A bring some room for imagination. Industrial policy, according to national Development and Reform Commission released a report in 2006, the country's crude steel output reached 419 million tons, an increase of 18.48%. According to the relevant international and domestic industry forecasts, in 2007 the global steel market demand, a basic balance between supply and demand, global steel consumption is expected to grow by 5.2%, China's steel consumption is expected to grow by 10.43% (without duplication of material). China's economy maintained steady and rapid growth of steel consumption, the objective demand will not lead to a more substantial decline; in 2007 China's crude steel output is expected to reach 4.62 to 475,000,000 tons, compared with the previous year rose 10.3% to 13.4% in iron and steel products profit level is expected to steadily rise. April 12, 2007, the company released annual report published in 2006 and 2007, a quarterly, full-year 2006 core business revenue 22,141,280,571.13 yuan, net profit of 485,742,953.34 yuan. The first quarter of 2007, the company realized main business income 6,267,134,926.87 yuan, net profit of 141,275,208.45 yuan, respectively, over the same period increased by 7.05% and 41.85%, continued to show good growth momentum.
Technically, the stock's recent rise in the uplink channel in order to repeatedly show that after repeated short-term consolidation, the Unit 5 and 10-day moving average at firmed up, will be launched on heavy volume patterns upside break patterns, to enable the Unit to enter the short-term upside to accelerate stage, the increase in space has been effectively opened.
Therefore, we believe that Shougang shares (000959) as a leading iron and steel shares, subject matter is rich in low price positioning, short-term access to speed up the upside Quotes stage, investors can now focus on stock picking objects.
